No Evidence for Keynesian Stimulus : the Theory and the Reality
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Although the stagflation of the 1970s has severely, if not entirely, discredited Keynesian theories, politicians persist in adopting these costly keynesian policies in order to stimulate economic activity, by stimulating demand, and by the same account investment, through an increase of public deficits which would be paid in the future by economic agents. Keynesian policies continue to be promoted despite the theoretical flaw that 1) the revival in consumer spending would not distort the
No Evidence for Keynesian Stimulus : the Theory and the Reality
No Evidence for Keynesian Stimulus : the…
No Evidence for Keynesian Stimulus : the Theory and the Reality
Although the stagflation of the 1970s has severely, if not entirely, discredited Keynesian theories, politicians persist in adopting these costly keynesian policies in order to stimulate economic activity, by stimulating demand, and by the same account investment, through an increase of public deficits which would be paid in the future by economic agents. Keynesian policies continue to be promoted despite the theoretical flaw that 1) the revival in consumer spending would not distort the